Serving in Ecuador

May 3, 2019

For the past ten years, NuView IRA, along with immense help from our friends, has been raising funds for Chair the Love – a Florida based 501(c)3 whose mission is to provide wheelchairs and mobility related items and services to those in need locally and abroad. Through discharge nurses at local hospitals, supporting paralyzed vets, and utilizing Non-Governmental Organizations in Central and South America, our employees and clients have made a tremendous difference in thousands of lives. 

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Overseas Adventure? Take Your IRA with You!

May 1, 2019

Whether it’s the lure of an affordable beachfront condo, or a hillside villa, more Americans are choosing to live either partially or fully outside the country now more than ever.  Central America, including Costa Rica, has seen a sharp increase in growth of expats.  According to an article quoting the US Ambassador to Costa Rica in 2017, over 100,000 Americans now live in Costa Rica alone.

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Private Equity and Venture Capital in IRA Accounts

Alternative Investments Are Becoming More Common in Diversified Portfolios

A recent PEW Charitable Trusts study shows a sharp rise in alternative asset investment (ex., private equity, venture capital, or real estate) over the past decade among large pension and trust investors. From 2006 to 2016, funds have more than doubled their allocation to alternative investments[1]. These large fund professional managers are capitalizing on the return and correlation characteristics of this asset class.  A recent trend in this class has been an increase in the relative percentages of private equity and venture capital as compared to real estate holdings.

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Ironing Out Wrinkles: Motivation, Movement, and Masterminds

April 8, 2019

Freedom.  Happiness.  Adventure.  Mmm.  Three of my favorite words.  I don’t think I’ve ever heard anyone say, “Yeah, you know what, Chris?  I’d like less of those in my life.  Tell me:  How can I make that happen?” 

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Going Above & Beyond for Family

April 1, 2019

We all have that one person we’d do anything for. This is someone we owe the world to, whether for something they’ve done or how they’ve impacted us.

To me, that person is my father, a man who’s done it all for me. He’s taught me so much about life, all while managing a poorly dealt hand with his own health. He would give the shirt off his back without thinking twice, and he has. My entire life, I wondered how I would ever repay him, and for years, I was without an answer.

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Should You Consider a Solo 401(k)?

March 29, 2019

As we near the end of tax time, many real estate investors are reeling from the amount of money they owe Uncle Sam. I’m surprised they don’t spend more time doing something about it. I deal with real estate investors on a daily basis, and I’m always impressed with their creativity, independence and persistence. It has become obvious that the most successful investors leave no stone unturned. They are interested in leveraging every available resource to boost their returns. But many overlook the benefits of a Solo 401(k).

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Is it Still a Good Time to Lend on Fix & Flip Properties?

For several months there has been a steady drumbeat of news showing the housing market is slowing down and prices are softening.  For investors buying rental properties for long term cash flow, this is not a concern and may be a welcome development so they can buy properties at better prices.  However, the fix & flip strategy is impacted by lower prices.  If you’re loaning money to flippers, a decline in housing prices can be a concern.

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Common Misconceptions About 1031 Exchanges

March 1, 2019

There are several common misconceptions about the Internal Revenue Code 1031 exchange process.  To keep investors on the right track and focused on what is important to that investor, let’s clear up a few of these most common misconceptions:

Misconception #1:  To execute a 1031 exchange the investor may only file a form with the IRS and as long as the seller doesn’t utilize, spend or touch the proceeds from the sale of the property they are relinquishing, the investor can perform an exchange at any time.

Wrong!  THIS IS FALSE.   The investor may not have actual nor constructive receipt of the sale proceeds.  This action will trigger a taxable event.  Investors need to use a special non-related “middleman” called a Qualified Intermediary [“QI”] or Accommodator who is required to hold the sale proceeds for them and who then uses those proceeds to buy any replacement property at their express direction. Once the sale of the property the investor is relinquishing closes, funds must be directed to the investor’s QI until the purchase or “up-leg” portion of the exchange is completed.

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